Remgro Balance Sheet Health
Financial Health criteria checks 6/6
Remgro has a total shareholder equity of ZAR116.9B and total debt of ZAR9.0B, which brings its debt-to-equity ratio to 7.7%. Its total assets and total liabilities are ZAR140.0B and ZAR23.0B respectively. Remgro's EBIT is ZAR2.8B making its interest coverage ratio -2.7. It has cash and short-term investments of ZAR7.8B.
Key information
7.7%
Debt to equity ratio
R8.95b
Debt
| Interest coverage ratio | -2.7x |
| Cash | R7.82b |
| Equity | R116.91b |
| Total liabilities | R23.04b |
| Total assets | R139.95b |
Recent financial health updates
No updates
Recent updates
Investor Optimism Abounds Remgro Limited (JSE:REM) But Growth Is Lacking
Mar 13
Why We Think Shareholders May Be Considering Bumping Up Remgro Limited's (JSE:REM) CEO Compensation
Nov 28Here's Why Remgro (JSE:REM) Has Caught The Eye Of Investors
Jun 27Here's Why Remgro (JSE:REM) Has Caught The Eye Of Investors
Feb 24This Is Why We Think Remgro Limited's (JSE:REM) CEO Might Get A Pay Rise Approved By Shareholders
Nov 24Here's Why We Think Remgro (JSE:REM) Might Deserve Your Attention Today
Nov 11There Is A Reason Remgro Limited's (JSE:REM) Price Is Undemanding
Oct 01Financial Position Analysis
Short Term Liabilities: REM's short term assets (ZAR26.1B) exceed its short term liabilities (ZAR11.0B).
Long Term Liabilities: REM's short term assets (ZAR26.1B) exceed its long term liabilities (ZAR12.1B).
Debt to Equity History and Analysis
Debt Level: REM's net debt to equity ratio (1%) is considered satisfactory.
Reducing Debt: REM's debt to equity ratio has reduced from 18% to 7.7% over the past 5 years.
Debt Coverage: REM's debt is well covered by operating cash flow (22.7%).
Interest Coverage: REM earns more interest than it pays, so coverage of interest payments is not a concern.